Economic Indicators of the College Station-Bryan MSA, June 2023

Authors: PERC Staff Date: June 2023

The Business-Cycle Index increased 0.84% from March to April 2023, the highest monthly gain since August 2022. The local unemployment rate remained at 3.3% in April 2023, the same as the March value. April’s local nonfarm employment increased by 1.4% from March. April’s inflation-adjusted taxable sales were up by 0.2% from March. Inflation-adjusted quarterly wages were down by 2% from the previous quarter. Through May 2023, inflation-adjusted tax revenues for the state of Texas are up 3.7% compared to the same period in the previous fiscal year.

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Keywords: Local economy, College Station-Bryan, unemployment, nonfarm employment, enplanements, state tax revenues, Texas, taxes